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Gold, Silver, Platinum Forecasts – Gold Pulls Back From Multi-Month Highs
Gold: chart Gold pulls back as traders take some profits off the table amid rising Treasury yields. U.S. dollar’s rebound put additional pressure on gold markets. The nearest support level for gold is located in the $2015 – $2025 range. A move below the $2015 level will open the way to the test of the next support at $1975 – $1985. Silver: chart Silver tests resistance at $25.00 – $25.30 as gold/silver ratio pulled back below the 81 level. If silver manages to settle above $25.30, it will head towards the next resistance, which is located in the $26.00 – $26.15 range. Platinum: chart Platinum pulls ... (full story)